Commentary and analysis on markets, personal finance, and wealth building from a contrarian perspective. "I believe in the discipline of mastering the best that other people have ever figured out. I don’t believe in just sitting there and trying to dream it up all yourself. Nobody’s that smart."
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Tuesday, December 23, 2014

Two more Japanese reactors approved for restart

Japan has greenlit the opening of two reactors for the Takahama project, which is owned by Kansai Electric Power Company (TSE:9503).
That brings the number of approved reactors to four, just after a
general election win showed steady support for the pro-nuclear ruling
Liberal Democratic Party.

The new reactors will join the Sendai reactors, which were approved
in early November after a local vote by the city of Satsumasendai
supported their restart. The Sendai reactors aren't expected to open
until early 2015.

Cantor Fitzgerald forecasts that 32 reactors will ultimately be
restarted, with nine in 2015, 10 in 2016, 12 in 2017 and one in 2018.

We are well on our way to a recovery in the uranium price, it is up over 25% already, and I expect that to improve in the next year.